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Blue Nile (NILE)Stock (Jewelry Stores Industry, Retail Industry)
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TechnicalsBlue Nile has been trading above its 20-day moving average and rising since September 11. These are bullish indicators. The Moving Average Convergence Divergence (MACD) chart also shows that moving averages are trending higher. Additionally, the MACD is above the signal line, another bullish indicator. Nile has been trading near the upper Bollinger Band, which means its price is getting high. It should be noted that this has been true for the last year and the price keeps going higher despite the proximity to the upper Band. The Relative Strength Index chart just touched 70, which if it goes higher will indicate that the stock is tending to be overbought. However, if you can look at the Nile chart at http://stockcharts.com/h-sc/ui?s=nile&p=D&b=5&g=0&id=0, you see that it has stayed above 70 for quite a few weeks since mid April 2007. |
The Shelf
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